Capacity utilization rate is a leading indicator for inflation. And the latest number is at 79.2, a new record high since the bottom of the crisis. If history is an indicator, we should see huge inflation rates in a year from now.
The chart below points to a year over year CPI rate of 5% in the coming future. And we're already half to that number as the latest consumer prices pointed to a 0.2% increase in prices in the month of March, or a 2.4% inflation rate per annum.
You can be sure that inflation is coming and you should prepare for that accordingly.